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repair any utilities within said easement and to <br /> inform future owners of this agreement. Anderson <br /> seconded. The amendment was approved 6-0 with <br /> Sackett abstaining. <br /> Fauson moved to adopt Ordinance #932 as amended. <br /> Mohr seconded. Ordinance #932 was approved 6-1 with <br /> Sackett voting no. <br /> ORDINANCE 6933 - 0.0. WATER BOND ISSUE - 1ST READING - <br /> SET PUBLIC BEARING Rautenstraus read by title only Ordinance #933, An <br /> Ordinance authorizing the issuance by the City of <br /> Louisville, Colorado, Of General Obligation Water <br /> Bonds, Series 1987, in the principal amount of <br /> $2,980,000 for the purpose of providing financing <br /> for the City's acquisition and construction of <br /> certain improvements to the City's municipal water <br /> system; prescribing the form of said bonds; <br /> providing for the levy of ad valorem taxes and the <br /> application of revenues derived from the water <br /> system of the City to pay the same; providing other <br /> details in connection therewith; and declaring an <br /> emergency.• Permission is being sought to place the <br /> Ordinance out for publication and public hearing set <br /> for August 18, 1987. <br /> Mundley explained that the issuance of these bonds <br /> would enable the City to construct a new 2.8 mgd <br /> treated water storage tank as well, as several <br /> related projects. <br /> The City's Financial Advisor, Russ Caldwell of <br /> Kirchner Moore Inc., explained the bond process and <br /> the insurance obtained for the bonds through <br /> Financial Guaranty Insurance Company. <br /> Mayor Fauson moved that Ordinance 6933 be place out <br /> for publication and a public hearing set for August <br /> 18, 1987. Szymanski seconded. Unanimous. <br /> AUTHORIZATION TO AWARD BID - CIP CONCRETE REPLACEMENT <br /> PROJECT Phare explained that on July 28, 1987, bids were <br /> received for the 1987 Concrete Replacement Project. <br /> B.G. Concrete Co. Inc. submitted the low bid of <br /> $7,362 and staff recommends awarding the bid to B.G. <br /> Concrete and authorize the PUblic Works Department <br /> to execute a Change Order for additional work to the <br /> project in an amount not to exceed $2,638. <br /> Mayor Fauson moved to award B.G. Concrete the bid of <br /> 57,362 for the City's 1987 Concrete Replacement <br /> Project. Mohr seconded. <br /> Anderson moved to amend the motion to include <br /> authorization to execute a Change Order for <br /> 3 <br />